QCP Capital: BTC Surpasses $70,000 for the First Time in Over 7 Months Due to Multiple Factors
QCP Capital noted that Bitcoin has surpassed the $70,000 mark for the first time in over seven months. This is due to various factors, including strong inflows into spot ETFs last week, approaching $1 billion. This excitement has extended to stocks related to cryptocurrencies.
Companies like IREN, Hut 8, Bitdeer, and TeraWulf have benefited from the increased demand for artificial intelligence and the recent rebound of Bitcoin.
The Trump administration may adopt expansionary fiscal policies, which could increase deficits and inflation, making BTC particularly likely to benefit in the medium term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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